CUB’s expert also noted that the failed energy and commodities firm Enron had an investment-grade rating four days before the company filed for bankruptcy protection.
lol
One Rich Asshole Called Larry Ellison
And all those lawyers and other people who are happy to take his money to fuck everyone else
Oracle aatlaopwahtthmtfee?
Wisconsin trying not to get Foxconned again?
Sorry, if your AI data center is likely to default on utility bills, then you need to put down a substantial and burdensome deposit just like the poors are required to do.
sorry all the water in this state is for cows and cranberries, and ginseng I guess, and people
Always a good time to remind people that large scale agriculture basically destoys national waters, soaks up subsidies, and benefits a hand full of rich land owners
It also feeds people. That gives it actual value.
Ya mostly feed the Chinese soybeans lol, we also make corn ethanol, which we subsidize, even more so since the war with Iran and the fuel shortages. We’ve literally destroyed half the country because its to inconvenient to farm the right way lmfao. Anyway have fun eating those newly legalized pesticides. Now 100% safe in America.
diverting water from the California desert to grow $10 a gallon almond milk, for some vegans crying about chicken. Yay
It also suppresses people. Food is a human right, the way it is for every other animal. Why do rich assholes get to decide who has access to it? Is wealth a measure of whether or not someone should go hungry?
We lived happier (if not easier) lives before we begrudgingly adopted stationary agriculture as a response to unpredictable climates following the ice age. Those in power ensured agriculture (lock-and-key agriculture) remained because it was a reliable tool for suppression - its predictable harvest and consistent grain size make it useful for taxation. AND when you get your population hooked on grains you can instill a culture of weaning children earlier using oatmeal, meaning women can have babies more frequently (no longer lactating). The increase in population serves those in power by making their armies bigger and creating an impressionable population that you can further suppress with religion, etc.
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Datacenters? Yes, to an extent. They enable things like the modern internet, public goods like Wikipedia, etc.
AI datacenters? No.
Data centers have been around forever. Supercomputers and other large racks of computer hardware have been housed in them for decades. They have done a lot of good for research.
Even if you didn’t have AWS and the like modern sites/tech products need a lot more hardware than your random desktop computer to work. And that needs to be housed somewhere.
The AI ones they’re trying to build now to try and stack tech feudal territory? Probably not. I don’t think the demand is gonna be there long term.
Even if you didn’t have AWS and the like modern sites/tech products need a lot more hardware than your random desktop computer to work. And that needs to be housed somewhere.
They really don’t, everything is just hideously inefficient these days.
They really don’t, everything is just hideously inefficient these days.
Because for ~30 years hardware, microchips, memory, and storage kept improving faster than programming best practices. As a result we have bloated applications with poor memory management. In the coming hardware famines I hope to see this trend reverse course.
You see, investors sincerely believe that AI has value and more AI has more value. How do you create more AI? More data centers!
So now you have several hundred multimillionaires and billionaires, with almost zero understanding of what AI is, what it’s useful for and what it’s not useful for, but they believe with all their heart , more data centers makes wealth go up.
Now they are buying up land, with money they borrowed, to build data centers, with hardware that hasn’t been manufactured yet all to potentially realize financial gains that are backed by nothing but speculation and emotion.
This is what happens when you give the market fomo. Invent something magical that you don’t understand the inner workings of (a literal mechanical Turk).
The problem was that after the pandemic and crypto, too many investors were itching for a gold rush that would simply just replace the disgusting working class. I mean, they were already but that shit made them extra hungry.
Guarantee not the ones owned by Oracle.
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🤣
Paying for utility expansion on a 15 billion dollar datacenter is a line-item at best.
But if Oracle can not pay that, even if murder is required, they’d do it.
State’s gonna win. Be ready to slide alot of cash accross the table.
